Pertamina to invest up to $12 bn into geothermal development in Indonesia to 2025
Pertamina Geothermal Energy expects to invest up to $12 billion into geothermal development until 2025, currently developing 11 geothermal projects across Indonesia.
At a press meeting today, Indonesian PT Pertamina (Persero), through its subsidiary Pertamina Geothermal Energy announced investment plans of about $12 billion for geothermal development until 2025.
“Through Pertamina Geothermal Energy, we hope that by 2025, we could contribute up to 31 percent of geothermal power generation capacity in the country, “said Vice President Corporate Communications Pertamina Wianda Pusponegoro in discussions related to clean energy and media briefing today in Denpasar.
According Wianda it is currently aggressively developing renewable energy it to slowly break away from dependence on fossil energy.
The state-owned Pertamina Geothermal Energy is currently developing 11 projects in six different locations spread from Sumatra, Sulawesi and West Java including in Sibayak, Full River, Hululais, Lumut Balai, Ulubelu, Kamojang, Karaha, Lahendong.
By 2025, it is expected that fuel consumption will increase to 875,000 barrels of gasoline per day, a surge of 57% over 2015, when 559,000 barrels were used.
Diesel consumption is also expected to rise by 113% by 2025, to 684 thousand barrels per day from 321 thousand barrels per day in 2015.
With the geothermal projects by Pertamina, it is expected that about 107.5 thousand barrels of oil equivalent per day can be saved.
Moreover, it can meet the electricity needs of about 984,000 households (installed capacity of 492 MW as of July 2016) to reduce greenhouse gas emissions by 6.4 million tonnes of CO2 equivalent per year.
Source: Warta Ekonomi